Local historic district; locality that establishes district may provide tax incentive.

Creation of local historic district. Allowsa locality to, by ordinance, establish one or more historic districtsfor the purpose of increasing awareness and support for historicconservation in the locality. The locality may in each historic districtprovide incentives for the conservation and renovation of certifiedhistoric structures, as defined in the bill, and grant tax incentivesand provide certain regulatory flexibility within the limits of theConstitutions of Virginia and of the United States.